Primo Water Corp. (NASDAQ:PRMW) shares rose 1.8% on Friday . The company traded as high as $12.12 and last traded at $11.99, with a volume of 65,459 shares trading hands. The stock had previously closed at $11.78.

PRMW has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Primo Water Corp. from a “hold” rating to a “strong-buy” rating and set a $14.00 price objective on the stock in a research report on Tuesday, August 9th. B. Riley reiterated a “buy” rating and set a $13.00 price objective on shares of Primo Water Corp. in a research report on Monday, May 9th. Finally, Barrington Research boosted their price objective on shares of Primo Water Corp. from $10.00 to $12.00 and gave the company an “outperform” rating in a research report on Wednesday, May 4th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $12.50.

The company has a market capitalization of $308.46 million and a PE ratio of 73.15. The stock’s 50 day moving average price is $11.83 and its 200 day moving average price is $10.77.

Primo Water Corp. (NASDAQ:PRMW) last announced its earnings results on Tuesday, August 2nd. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.04. The business had revenue of $34.40 million for the quarter, compared to analysts’ expectations of $33.86 million. During the same quarter last year, the business earned $0.03 EPS. The company’s quarterly revenue was up 6.2% on a year-over-year basis. On average, equities research analysts predict that Primo Water Corp. will post $0.24 EPS for the current fiscal year.

In other news, insider Camden Partners Strategic Fund sold 27,929 shares of the stock in a transaction that occurred on Monday, June 27th. The stock was sold at an average price of $10.46, for a total transaction of $292,137.34. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

A hedge fund recently raised its stake in Primo Water Corp. stock. Dimensional Fund Advisors LP boosted its position in shares of Primo Water Corp. (NASDAQ:PRMW) by 490.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 151,811 shares of the company’s stock after buying an additional 126,093 shares during the period. Dimensional Fund Advisors LP owned 0.59% of Primo Water Corp. worth $1,214,000 at the end of the most recent quarter.

Primo Water Corporation is a provider of multi-gallon purified bottled water, self-service refill water and water dispensers. The Company’s products are sold through various retailers in the United States and Canada. The Company conducts its operations through two segments: Primo Water (Water) and Primo Dispensers (Dispensers).

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